You may be wondering what will happen to your car should you decide to go bankrupt.
Your car will be affected by bankruptcy whether it is owned outright by you or you are paying for it through a finance package.
If you own your car outright, it classed as an asset, so the official receiver may ask you to sell it, unless it is worth only a very small amount.
If the official receiver asks you to sell your car, and you can prove that you need a car in order to get around, you may be given a small amount of money back from the sale in order to buy a another car.
If your car is on finance, it is likely that the finance company will end the agreement and that you will have to return your car.